While the latest broker trend is to have simple, streamlined websites and platforms, the downside is that many brokers simply don’t have much useful information on their sites these days. Citrades is not one of those brokers. The well-designed Citrades.com website and platform is chock full of great educational tools and information about the company itself while some of its features such as complete auto-trading make this broker one of the top brokers out there.
Software and Features
The customized trading software and Citrades is a bit different from other platforms, but it only takes a few minutes to learn how to use and take advantage of the power and flexibility this platform has to offer. Citrades wonderfully offers a free demo account which is the perfect way to learn how to use the platform. Android and iOS trading apps are also available. The educational center has plenty of information on how to trade, including ebooks and a dedicated YouTube channel of training videos. Other helpful extras include a binary signals service and auto-trading account which are offered with certain account types. Customer service is available through helpful and friendly live chat or over the phone during business hours.
Option Types Offered
During our Citrades review, around 60 different stocks, currencies, including bitcoin, commodities, and indices were available to trade, which is a bit on the low end. However, there are plenty of different option types supported, including high/low, 30-second and 60-second, one-touch, and pairs options.. One downside to trading at Citrades.com is that the payout are on the lower end, averaging around 75% while losing trades can have returns of as much as 10%.
Account Types Offered
Citrades clients qualify for one of four different account types, depending on how much money is in their account. The Pro Trader account, available with a minimum $300 deposit, has all of the basic features that most traders need, including access to promotions and a 50% Citrades bonus. As account balances grow larger, the amount of benefits offered with each account grows. Some benefits include an auto-trading account, a signals service, dedicated account manager, and higher bonuses, reaching as much as 150%. Secure deposits can be made with major credit cards, by wire transfer, and through various e-wallets depending on location.
Although no broker is perfect and there are a few blemishes to Citrades, such as the small asset list and high minimum deposit. That being said, the benefits of trading with them far outweigh these rather trivial problems. Also, the bonus amount and rich promotions schedule offer enough extra cash to make up for the lower payouts while features like free signals and strategies give every trader the tools necessary for success.